Four Horsemen

The Black Horseman

Economist Claims 2024 Will Bring ‘Biggest Crash of Our Lifetime’ in U.S.

By Jack Phillips 12/19/2023 Updated: 12/19/2023 The Epoch Times

An economist who focuses on consumer spending issued a dire warning about the U.S. economy in 2024. “Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact,” Harry Dent told Fox Business on Tuesday. “This is off the charts, 100 percent artificial, which means we’re in a dangerous state. I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”

He added that “we need to get back down to normal, and we need to send a message to central banks,” adding, “This should be a lesson I don’t think we’ll ever revisit. I don’t think we’ll ever see a bubble for any of our lifetimes again.” The economist, who owns the HS Dent Investment Management firm, told the outlet that U.S. markets are currently in a bubble that started in late 2021 amid the COVID-19 pandemic. “Things are not going to come back to normal in a few years. We may never see these levels again. And this crash is not going to be a correction. It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker,” Mr. Dent added, making references to the stock market crash in 1929 that led to the Great Depression throughout the 1930s.

“If I’m right, it is going to be the biggest crash of our lifetime, most of it happening in 2024. You’re going to see it start and be more obvious by May,” the analyst claimed. “So if you just get out for six to 12 months and stuff stays at the highest valuation history, maybe you miss a little more gains if I’m wrong. If I’m right, you’re going to save massive losses and be able to reinvest a year or year-and-a-half from now at unbelievably low prices and magnify your gains beyond compare.” Predictions of a market crash are nothing new. Mr. Dent wrote “The Great Depression Ahead,” a book that forecast a significant market crash, in 2009.

Over the past few weeks, several analysts have been similar predictions about there being a significant stock market crash in the near future.

“Based on prevailing market valuations, we estimate that poor total returns are likely for the S&P 500 in the coming 10–12 years, that equity market returns, relative to bonds, are likely to be among the worst in history, and that a market loss on the order of -63 percent over the completion of this cycle would be consistent with prevailing valuations and a century of market history,” John Hussman, the president of the Hussman Investment Trust who called the 2008 crash, wrote in a note in October.

Wrong Prediction?

However, in a recent note, investment banking firm Goldman Sachs raised its 2024 S&P 500 target by 8 percent, to 5,100, forecasting a tailwind for U.S. stocks from falling inflation and declining interest rates.

“Looking forward, the new regime of both improving growth and falling rates should support stocks with weaker balance sheets, particularly those that are sensitive to economic growth,” the firm wrote late last week.

It comes as Federal Reserve Chairman Jerome Powell said last week that the U.S. central bank’s consequential tightening of monetary policy is likely over as inflation falls faster than expected, and that a discussion of cuts in benchmark rates is coming “into view.” The shift from the Fed helped push the S&P 500 near a record high and sent bond yields tumbling. Goldman strategists expect the Fed to cut rates by 25 basis points at each of its policy meetings in March, April, and May meetings, followed by quarterly cuts that will bring down benchmark rates to a range of 4.0–4.25 percent by year-end from the current range of 5.25–5.5 percent.

The bullish outlook from Goldman Sachs comes as other firms have increased their expectations for interest-rate cuts by the Federal Reserve. Bank of America Global Research, for example, now sees the Fed cutting rates by 100 basis points next year, beginning with a 25 basis-point cut in March, compared with its previous estimate of 75 basis points. The U.S. central bank raised rates in a bid to offset decades-high inflation. Data provided by the Bureau of Labor Statistics shows that the Consumer Price Index that measures inflation rose by 0.1 percent in November 2023 on a seasonally adjusted basis and was up 3.1 percent year over year.

Reuters contributed to this report.

2024: The Rise of the Beast. Mohammed bin Salman. Man-by-Satan. MbS. For Those ‘Left Behind.’

Documentary: Satan, The Antichrist and The One-World Government

Through the Holy Spirit, Jesus Christ testifies who is he is and his offer of salvation for mankind, through the forgiveness of their sins, the shedding of his blood and his resurrection. Through the Holy Spirit, Jesus communicates (witnesses) the who, what, where, when, why and how of mankind’s salvation. This is known as the gospel of Jesus Christ. Once again, seven (7) references regarding the Holy Spirit witnessing to Christ denotes God’s divine purpose and plan.

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your (7) Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs (7) of Salvation through Jesus Christ (the Lamb)

A. (7) Admit/Acknowledge/Accept that you are sinner. Ask (7) God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that (7) Jesus Christ is who He claimed to (7) be; that He was both fully God (7) and fully man and that we are (7) saved through His death, burial, and resurrection. (7) Put your trust in Him as your (7) only hope of salvation. Become a son (7) or daughter of God by receiving Christ. (7777777) 7×7

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess (7) with your heart and with your lips (7) that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.